Credit Suisse Stocks Chief Jain Said to Move to Hedge-Fund Unit

Bloomberg – Credit Suisse Group AG equities chief Bob Jain will move to a job overseeing a unit that includes in-house hedge funds and be replaced by Timothy O’Hara, two people with knowledge of the decision said.
Jain will run the Zurich-based bank’s alternatives unit reporting to asset-management chief Robert Shafir, 54, said one of the people, who requested anonymity because the changes aren’t public. An announcement may come next week, the people said. Jain didn’t respond to calls and e-mails seeking comment.